Recession of the Art Market

The digital era is undeniably a threat to the traditional art market. Sales can be effectively done by word-of-mouth process, referrals and at rare-times, discovery.  The art market has been in an unstable flow making it hard for new consumers to get into the said market realm. Veterans in the art industry as well, are having a hard time looking for services that can potentially help promote their works. “The art world has been a slow adapter to the digital age because for most of its history - for several hundred years – it has involved a very small group of people,” Jessica Paindiris, co-founder of The Clarion List tells Luxury Daily. “The art market is still small compared to other industries but it is seeing recent growth in the last couple of decades as more collectors are entering the market. I think this is because of an increased art education and appreciation among the general public, because of the globalization of the art market due to art fairs and because art has become an asset class for investors,” she added.


“The Clarion List is bringing the art market into the present by providing the first comprehensive, searchable, sortable directory of art businesses with ratings and reviews.” Paindiris said. The website extends its range by adding 29 more European cities, summing up to the total number of 54 markets and listed art companies to 6,000. These 29 cities include: Amsterdam, Athens, Berlin, Brussels, Budapest, Cologne, Copenhagen, Dublin, Edinburgh, Geneva, Hamburg, Helsinki, Istanbul, Lisbon, Luxembourg, Madrid, Marseille, Milan, Monaco, Munich, Oslo, Paris, Prague, Rome, Stockholm, Toulouse, FR, Venice, Vienna, and Zurich.

Aside from the said additional European cities, the website is also serving other cities in USA and in London, England. US cities that are part of the total number are New York, Los Angeles, San Francisco, Chicago, Miami, Palm Beach, Boston, Philadelphia, Washington, D.C., Atlanta, Charleston, S.C., Charlotte, N.C., Cleveland and Columbus, Ohio, Houston, Dallas/Ft. Worth, Denver, Seattle, Portland, Ore., Westchester County, N.Y. and northern New Jersey, and Maine, Vermont and New Hampshire.

"We decided to focus our resources on a rapid expansion to major European art markets due to high demand by our site users.” Paindiris said. The Clarion List hopes that their expanded database alleviates that problem and creates a more connected global art market.


About The Clarion List


The Clarion List is an online resource website that provides art services.  It is an easy to search, categorizable and free data base with reviews coming from various art companies from US and European markets. It generally helps art sourcing for collectors, artist and advisors to reach the global market with ease.

Like what you're reading? Be enlightened with the latest news on forex, commodities, stocks, technology and economy. Subscribe now! FSM News waits for you.